289 Putnam Avenue Apt: 1
Brooklyn, NY 11216
Cross street:Bedford Avenue

Building

Type:Townhouse
Era:Post-war
Floors:3

Property

Ownership: Multi-Family
Rooms: 7
Bedrooms: 4 BR
Bathrooms: 3
Pets: Case by Case

Financials

Price:$2,399,000
Listing Courtesy of Engel & Volkers Brownstone Brooklyn

Move In Ready Investment Property, Three Family Brownstone in the Heart of Bed Stuy Perfectly positioned on a picturesque tree lined block between Nostrand and Bedford Avenue, this move in ...

Description

Move-In Ready Investment Property, Three-Family Brownstone in the Heart of Bed-Stuy Perfectly positioned on a picturesque tree-lined block between Nostrand and Bedford Avenue, this move-in ready three-family brownstone embodies the timeless charm and modern functionality that define Brooklyn living. Set on a 20’ x 100’ lot with approximately 2,800 square feet of living space, the home offers a thoughtfully designed layout across three levels, including a finished basement with abundant storage and separate gas and electric meters for each unit—ideal for owners or investors seeking income-producing flexibility. The property was gut renovated in 2016 with additional updates in 2022, combining historic character with modern comfort. A gas heating system, hardwood floors, high ceilings, and oversized windows fill the interiors with warmth and light. The garden level features a spacious one-bedroom, one-bath residence with an open kitchen complete with a large island, granite countertops, and stainless-steel appliances including a dishwasher. A mudroom opens to a serene 20' x 49' backyard, perfect for outdoor entertaining or quiet relaxation. The parlor floor showcases elegant original details and a sun-drenched living area, alongside an open kitchen and a windowed bath finished with subway tiles. Upstairs, the second-floor apartment offers a generous living space with an open kitchen, king-sized bedroom, and a flex room ideal for a home office or nursery. Perfect for investors or end-users alike, the property can also be easily converted to a two-family with an income-producing unit, offering versatility and a potential gross annual return of approximately 4–5% at the asking price of $2.4 million. Located minutes from the A/C trains at Nostrand Avenue and the G train at Bedford/Nostrand, residents enjoy easy access to local cafes, restaurants, and boutiques that make Bed-Stuy one of Brooklyn’s most vibrant and beloved neighborhoods. Property will be delivered vacant OPEN HOUSE BY APPOINTMENT ONLY.

Amenities

Sprinkler System;
  • Gas
  • Voice Intercom

Neighborhood

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RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.